Nifty-Intra Day Chart (30-Oct-2013):-
Technical Patterns and Formations in today intraday charts
1- Firstly down moves in Bullish Falling Channel.
2- Lower levels supports and higher bottom formations.
3- Up moves in Bearish Rising Channel.
4- Whole day actual trading between 6223-6269
Although both Bullish and and Bearish formations but lower levels supports and higher bottom formations with consolidations patterns also seen today therefore finally impulsive Wave-3 towards 6724.60 will remain continued in the coming sessions despite whatsoever FOMC declarations today at 11:30 PM IST.
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1- Firstly down moves in Bullish Falling Channel.
2- Lower levels supports and higher bottom formations.
3- Up moves in Bearish Rising Channel.
4- Whole day actual trading between 6223-6269
Conclusions from intra day chart analysis
Although both Bullish and and Bearish formations but lower levels supports and higher bottom formations with consolidations patterns also seen today therefore finally impulsive Wave-3 towards 6724.60 will remain continued in the coming sessions despite whatsoever FOMC declarations today at 11:30 PM IST.